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Internal Audit

About Us

Who We Are

Our Mission

To support the University of Kentucky in its pursuit of excellence by providing expert analyses and advice to champion the achievement of institutional objectives.

Our Purpose

UK Internal Audit (UKIA) provides independent and objective assurance, accountability and advisory functions which assist units of the University of Kentucky in the effective performance of their operational and fiduciary responsibilities with respect to proper internal controls.

Our History

UKIA's authority stems from a University of Kentucky Board of Trustees' resolution dated April 1, 1941, which indicates that all financial affairs of the University of Kentucky must be monitored. Upon this edict, UKIA was officially created in 1958. The University of Kentucky Board of Trustees approved the inception of the Audit and Compliance Committee in part to oversee the UKIA function, in keeping with the Standards for the Professional Practice of Internal Auditing.

What We Do

UKIA provides reasonable assurance that things are as they should be in terms of operational efficiency and effectiveness, regulatory compliance, information security and fiscal stewardship.

UKIA uses the three-legged stool model, pictured to the right, to conceptualize how University units must work in alignment to provide reasonable assurance. Key responsibilities include:

Process Owners

  1. Establishing enterprise-level policy and guidance
  2. Providing appropriate training for enterprise-level processes and systems
  3. Overseeing enterprise-level controls, performance and compliance

Operations

  1. Developing unit-specific policies in alignment with University requirements
  2. Executing procedures according to policies
  3. Monitoring unit-level controls, performance and compliance

Internal Audit

  1. Independently reviewing policies for effectiveness and alignment
  2. Evaluating workplace practices for effectiveness and compliance
  3. Providing independent assurance and associated trends to senior management and the board
A stool that says "providing reasonable assurance" on top. The top is supported by three legs, which read from left to right: "process owners," "operations" and "internal audit."

Three-Legged Stool Model

Our Values

Professionalism and Ethics

UKIA Values: Professionalism and Ethics (PEck)

As the saying goes, "it's not the job you do, it's how you do the job." UKIA acts with the highest levels of professionalism, integrity and ethics to put our clients at ease and be viewed by the UK community as trusted advisors and partners in affecting positive change across the enterprise.

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Hellooo Zoom!

UKIA Values: Communication (peCk)

UKIA communicates regularly with clients, stakeholders and university leadership through reports and presentations as well as regular meetings and ongoing partnerships to ensure that the root causes of noted concerns are effectively addressed. 

Two people in professional dress standing at a table looking a laptop.

UKIA Values: Knowledge (pecK)

UKIA staff work collaboratively in teams, bringing a wealth of knowledge, experience and expertise in business, finance and information technology to every review we complete, ensuring that our clients get timely, relevant and forward-thinking guidance that supports and enhances the achievement of management objectives.

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